IVV vs PAVE
IVV vs PAVE
iShares Core S&P 500 ETF vs Global X US Infrastructure Development ETF
Quick Verdict
IVV has a lower expense ratio. PAVE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PAVE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.47% | |
| AUM | $865.2B | $14.2B | |
| Dividend Yield | 1.09% | 0.51% | |
| Holdings | 508 | 102 | |
| YTD Return | +13.80% | +20.14% | |
| 1Y Return | +23.70% | +28.79% | |
| 3Y Return (annualized) | +21.49% | +22.52% | |
| 5Y Return (annualized) | +13.43% | +17.90% | |
| Volatility (annualized) | 15.1% | 22.9% | |
| Max Drawdown | -56.5% | -44.1% | |
| Fund Family | iShares by BlackRock (US) | Global X by mirae Asset | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 6, 2017 |
IVV vs PAVE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Global X US Infrastructure Development ETF (PAVE) is a ETF from Global X by mirae Asset. Over the past year IVV returned +23.70% while PAVE returned +28.79%. Year to date, IVV is up 13.80% versus a gain of 20.14% for PAVE.
Over three years, IVV compounded at +21.49% per year against +22.52% for PAVE; over five years the annualized figures are +13.43% and +17.90% respectively. Across the full 9-year window we track, PAVE has the edge at +16.44% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAVE has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -44.1% for PAVE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PAVE charges 0.47%. On a $10,000 position that is $3 vs $47 annually, a gap of $44 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.51% for PAVE.
Holdings Overlap
IVV and PAVE share 10 holdings out of 580 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PAVE | Difference |
|---|---|---|---|
| STLD | 0.05% | 4.03% | 3.98% |
| HUBB | 0.04% | 3.23% | 3.19% |
| FTV | 0.03% | 2.89% | 2.86% |
| IEX | Pro | Pro | Pro |
| J | Pro | Pro | Pro |
| PNR | Pro | Pro | Pro |
| TRMB | Pro | Pro | Pro |
| BLDR | Pro | Pro | Pro |
| EME | Pro | Pro | Pro |
| MLM | Pro | Pro | Pro |
See all 10 holdings IVV shares with PAVE Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IVV or PAVE?
IVV has an expense ratio of 0.03% while PAVE charges 0.47%. IVV is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, IVV or PAVE?
Over the past year IVV returned +23.70% vs +28.79% for PAVE, so PAVE leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +7.05% vs +16.44% for PAVE. Past performance does not guarantee future results.
Which is riskier, IVV or PAVE?
PAVE has been the more volatile fund at 22.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PAVE -44.1%.
Should I hold both IVV and PAVE?
IVV and PAVE have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PAVE?
IVV and PAVE share 10 common holdings with a 0.3% weight overlap. Combined, they hold 580 unique securities.
Which pays a higher dividend, IVV or PAVE?
IVV yields 1.09% while PAVE yields 0.51%, so IVV currently pays the higher dividend yield.
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